Hindon Mercantile Limited
Equity
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About Company
Hindon Mercantile Limited (HML) is a Delhi-headquartered NBFC registered with RBI, incorporated in 1985 and acquired by Mr. Kapil Garg in 2019, providing secured and unsecured loans across MSME financing, wholesale lending, mediclaim premium financing, personal loans and two-wheeler financing, primarily in North India’s underserved semi-urban markets. It also owns a 54.44% stake in its parent company, Mufin Green Finance Limited. Hindon Mercantile unlisted share price trades at around ₹680-₹708 as of late July 2026, sharply up from below ₹500 a year ago, reflecting strong investor optimism in the NBFC growth story. Minimum investment has reduced from ₹5–10 lakh traditionally to around ₹35,000–₹81,000 making it more affordable. The IPO date has yet to be confirmed. If you’re looking at options via an unlisted shares dealer, HML gives investors exposure to retail NBFCs in India – but its price has risen quickly, so you need to do careful valuation checks before buying.
Founded
1985
CEO
Kapil Garg
Industry
Financial Services
Employees
N/A
Headquarters
New Delhi
Website
https://hindon.co/
ISIN
INE08GI01012
CIN Number
U51101DL1984PTC345718
Depository Number
N/A
Depository
NSDL & CDSL
PAN Number
AAACH4187J
RTA
Skyline Finance Services
Total Shares
2,26,76,873
Risk Disclosure & Important Information
Investment in unlisted shares carries significant risks. Please read carefully:
Limited Liquidity: Unlisted shares are traded over-the-counter and may be difficult to sell quickly or at desired prices
Price Volatility: Prices can fluctuate significantly based on supply dynamics in the unlisted market
No Guaranteed IPO: There is no guarantee that NSE will complete its IPO in the expected timeline or at all
Regulatory Risks: Changes in regulations, pending approvals, or compliance issues may delay or affect IPO plans
Valuation Uncertainty: IPO pricing may differ from current unlisted market valuations
Lock-in Period: 6-month mandatory lock-in post-IPO restricts immediate sale after listing
This is not investment advice. Please do your own due diligence and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.
Start investing
Ready to invest in Hindon Mercantile Limited?
Create your account to place buy orders, track settlements, and manage your watchlist.
- Place buy & sell intents with RM support
- Track settlement milestones in one place
- Save listings to your watchlist
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Get price alerts first